Alternet Sys Stock Price, News & Analysis

Alternet Systems (ALYI) has signed a letter of intent with a potential customer for ReVolt Electric Motorcycles, which could double production outlook by the end of September 2020. The company has already secured a $20 million electric motorcycle order and a $30 million letter of intent, totaling a prospective revenue of $300 million. With the new order expected soon, ALYI's revenue outlook may rise to $500 million. A detailed update on this order will be released on September 17, 2020.

Alternet Systems, Inc. (ALYI) has signed a letter of intent with a new customer for ReVolt Electric Motorcycles, which could double its production outlook. ALYI has secured a $20 million electric motorcycle order and an additional $30 million contract, amounting to a total revenue opportunity of $300 million over six years. With the new order, ALYI forecasts its revenue outlook to reach $500 million. Further details on the potential order are expected next week.

Alternet Systems, Inc. (ALYI) has partnered with MODUS, an engineering firm with over 20 years of experience, to advance its electric mobility initiatives. MODUS will aid in bringing ALYI's pilot electric motorcycle, based on the iconic BMW R71, into production. This initiative targets Africa's motorcycle taxi market, known as boda boda, aiming to improve operational profits for local operators while promoting environmental sustainability. MODUS emphasizes iterative design, focusing on customization and modular components for future electric vehicles.

Alternet Systems, Inc. (USOTC: ALYI) announced the introduction of its award-winning design team, boasting over 200 patentable claims, which will be presented on September 11, 2020. The focus is on the Rideshare ReVolt Electric Motorcycle, aimed at enhancing the motorcycle taxi market in Sub-Saharan Africa while promoting environmental sustainability and local economic growth. This initiative marks the beginning of ALYI's broader vision for electric mobility in the region, incorporating stakeholder collaboration to innovate future electric vehicle designs.

Alternet Systems, Inc. (USOTC: ALYI) is addressing key challenges in the electric vehicle (EV) sector, particularly battery costs and driving range. Recent advancements may lead to widespread EV adoption, with ALYI focusing on electric motorcycles. The company anticipates significant contributions to battery innovation, potentially generating a new revenue stream alongside an estimated $300 million in projected revenues. ALYI's efforts aim to foster sustainable transportation in Sub-Saharan Africa, with plans for an initial cryptocurrency offering (ICO) to enhance ecosystem participation.

American Electric Power (AEP) has been recognized in the Forbes JUST 100 2021 list, achieving the top position among utility companies. The list evaluates corporate citizenry, focusing on worker treatment, community support, and sustainability efforts. AEP excelled particularly in the 'Workers' category, showcasing its commitment to its employees, especially during the COVID-19 pandemic through initiatives like wage increases and paid sick leave. AEP operates the largest electricity transmission system in the U.S., serving nearly 5.5 million customers across 11 states.

Alternet Systems (ALYI) announced significant progress in electric vehicle battery innovation, potentially generating a new revenue stream alongside its projected $300 million in electric vehicle revenue. This advancement, driven by an award-winning design team, will be highlighted in a presentation on September 11, 2020. The company aims to enhance the Sub-Saharan electric mobility market and plans to launch an initial cryptocurrency offering (ICO) for the RevoltTOKEN, integrating stakeholders into its ecosystem. ALYI's vision focuses on sustainable transportation and community involvement.

Alternet Systems, Inc. (USOTC: ALYI) is set to unveil its innovative electric vehicle design program centered around the Rideshare Electric Motorcycle on September 11, 2020. This initiative aims to enhance the Sub-Saharan motorcycle taxi market while promoting environmental sustainability. The company's industrial design team will showcase their advancements and the lessons learned from the ReVolt Electric Motorcycle. Furthermore, ALYI plans to launch a cryptocurrency, RevoltTOKEN, to involve stakeholders in their electric mobility ecosystem, enhancing local economic benefits.

Alternet Systems (ALYI) announced a funding partnership with RevoltTOKEN, securing a $25 million initial investment at $0.05 per share. The company has commenced a $2.5 million drawdown for a 100-acre facility in Africa, as part of a broader $100 million investment plan linked to a cryptocurrency offering (ICO). RevoltTOKEN aims to support electric mobility solutions in Sub-Saharan Africa through an upcoming ICO, leveraging Bermuda's favorable cryptocurrency regulations. This initiative highlights ALYI's commitment to sustainable transportation and economic development in under-resourced regions.